NEW YORK, February 9, 2017 /PRNewswire/ --
Stock-Callers.com tracks the performances of these Aerospace and Defense Products and Services companies this morning: Hexcel
Corp. (NYSE: HXL), Triumph Group Inc. (NYSE: TGI), TransDigm Group Inc. (NYSE: TDG), and Orbital ATK Inc. (NYSE: OA). According
to Deloitte's 2017 global Aerospace and Defense sector outlook, the industry is expected to return to growth this year, with
an estimated revenue growth of 2%. The Defense sub-sector is expected to grow at 3.2% in 2017 due to continued concerns about
global security threats, growth in US defense budgets, and higher defense spending in the Middle
East, Japan, South Korea, and India. Sign up today and download for free the research reports for the stocks
covered today at:
http://stock-callers.com/registration
Hexcel
Stamford, Connecticut-based Hexcel Corp.'s stock finished Wednesday's session 0.91% lower at
$51.12 with a total trading volume of 601,002 shares. Over the last month and the previous three
months, the Company's shares have advanced 1.49% and 11.06%, respectively. The stock is trading above its 200-day moving average
by 11.69%. Moreover, shares of Hexcel, which together with its subsidiaries, develops, manufactures, and markets structural
materials for use in commercial aerospace, space and defense, and industrial markets, have a Relative Strength Index (RSI) of
48.72.
On February 03rd, 2017, Oxford Performance Materials, Inc. announced that it has
closed on an additional round of strategic investment from Hexcel. In May 2016, OPM and Hexcel
announced an initial strategic investment from Hexcel of $15 million. The second round of
investment from Hexcel is $10 million, for a total equity investment of $25
million to date.
On February 06th, 2017, research firm Bank of America/ Merrill upgraded the Company's
stock rating from 'Neutral' to 'Buy'. HXL complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=HXL
Triumph
Shares in Berwyn, Pennsylvania headquartered Triumph Group Inc. declined 1.94%, ending
yesterday's session at $27.80 with a total trading volume of 674,219 shares. The stock has gained
5.90% in the past month, 10.70% in the previous three months, and 4.91% on an YTD basis. The Company's shares are trading 2.45%
above their 50-day moving average. Moreover, shares of Triumph Group, which designs, engineers, manufactures, repairs, overhauls,
and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide, have an RSI of
53.82.
On February 02nd, 2017, Triumph Group reported that net sales were $844.9 million for Q3 FY17, down 8% on a y-o-y basis. The Company's operating income was $55.2 million; excluding transformation related costs of $28.5 million, operating
income was $83.6 million, reflecting an adjusted operating margin of 10%. For Q3 FY17, Triumph's
net income was $29.3 million, or $0.59 per diluted share. The Company
reported that cash used in operations was $41.4 million in Q3 FY17, a 12% improvement from Q2
FY17.
On February 06th, 2017, research firm Bank of America/ Merrill downgraded the
Company's stock rating from 'Buy' to 'Underperform'. The complimentary report on TGI can be downloaded at:
http://stock-callers.com/registration/?symbol=TGI
TransDigm
On Wednesday, Cleveland, Ohio-based TransDigm Group Inc.'s stock rose 0.63%, to close the day
at $247.43. A total volume of 1.50 million shares was traded, which was above their three months
average volume of 1.03 million shares. The Company's shares are trading 1.27% above their 50-day moving average. Additionally,
shares of TransDigm Group, which designs, produces, and supplies aircraft components in the US, have an RSI of 62.34.
On January 19th, 2017, research firm SunTrust initiated a 'Buy' rating on the
Company's stock.
On February 07th, 2017, TransDigm reported that net sales for Q1 FY17 rose 16.0% to
$814.0 million from $701.7 million in Q1 FY16. The Company's net
income for Q1 FY17 decreased 8.2% to $118.9 million, or $0.41 per
share, compared to $129.4 million, or $2.23 per share, in Q1 FY16.
TransDigm's EBITDA for Q1 FY17 increased 6.9% to $323.0 million from $302.2
million for Q1 FY16. Sign up for your complimentary report on TDG at:
http://stock-callers.com/registration/?symbol=TDG
Orbital ATK
Shares in Dulles, Virginia headquartered Orbital ATK Inc. ended the day 1.05% lower at
$87.28. A total volume of 239,013 shares was traded. The stock has gained 14.98% in the previous
three months. The Company's shares are trading above their 200-day moving average by 5.44%. Furthermore, shares of Orbital ATK,
which develops and produces aerospace, defense, and aviation-related products to the US Government, allied nations, prime
contractors, and other customers in the US and internationally, have an RSI of 45.39.
On January 19th, 2017, research firm SunTrust initiated a 'Buy' rating on the Company's
stock.
On February 08th, 2017, Orbital ATK announced that the Company was awarded a
$45 million contract to complete development of the next generation 120 mm multi-purpose round for
the Abrams Main Battle Tank. The award funds the final development and qualification for the US Army's Advanced Multi-Purpose
round. Download the research report for free on OA at:
http://stock-callers.com/registration/?symbol=OA
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